Buffalo, MN Real Estate
According to census data in the year 2000 there were 3,872 housing units in Buffalo.
This represents a 48.5% growth from 2,608 in 1990.
Of those housing units, 3,848 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.
Homeownership rate in Buffalo is about 71.8%.
Buffalo's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.64 people.
The majority of houses, apartments or condos in Buffalo were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.20% |
| One Bedroom | 11.80% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 17.70% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $129,300 |
| Median Price asked for vacant units | $89,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.20% |
| Second Mortgage | 13.20% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 53.20% |
| Debt Free | 18.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
